Korea Joongang Daily
Korea JoongAng Daily

Korea's education costs skyrocket to highest since global financial crisis

Education costs in Korea in March saw their biggest increase since 2009 during the global financial crisis, driven primarily by widespread university tuition hikes.

2025-04-07

Data say prices are stabilizing. Consumers beg to differ.

Data from Statistics Korea shows that the consumer price index has remained in the 2 percent range for three months, but consumers report that they still feel squeezed, especially on necessities.

2025-04-06

Korea’s consumer prices hit lowest rate in nearly four years in October

Korea's consumer prices slowed to the lowest level in nearly four years in October, staying below 2 percent for the second consecutive month, data showed Tuesday.

2024-11-05

Korean consumer prices jump 3.1% in March as fruit, produce costs stay high

Korea’s inflation grew more than 3 percent for the second straight month in March, largely driven by an increase in agricultural products.

2024-04-02

Consumer sentiment bucks optimistic trend in March

Consumer sentiment in the country declined in March after a three-month streak on the back of soaring food prices and depressed private spending.

2024-03-26

Government increases subsidies, slashes tariffs to stabilize food prices

The government has increased subsidies for green onions and plans to lower tariffs to expand vegetable imports.

2024-01-12

Consumer prices rise 3.6 percent in 2023

Korea's consumer prices rose 3.6 percent on-year in 2023 as the nation continues to grapple with elevated inflationary pressures in 2023, according to data by Statistics Korea.

2023-12-29

Inflation falls gradually as government cracks down on prices [REWIND 2023]

Korea's inflation grew 3.3 percent in November, down from 5 percent a year earlier. The government has taken various measures to combat inflation.

2023-12-26

Brace for Korea's inflation decline to be gradual, BOK warns

Pushing inflation to the target rate remains challenging due to uncertainties in the movements of international oil and raw material prices, said the Bank of Korea (BOK) Gov. Rhee Chang-yong on Wednesday.

2023-12-20

Apple avalanche

Customers shop for apples at a supermarket in Seoul on Tuesday. Korea's consumer prices grew 3.3 percent in November from a year earlier, led by agricultural products.

2023-12-05